My dh owns our house. He owns 50% with shared ownership and currently owes £60k left on the mortgage, it was £80k.
He wants to remortgage for debt consolidation and needs £20k.
We spoke to a mortgage broker this morning who looked and had saw there were offers if we get permission from the housing association. HA have said they will need to see the details of mortgage before they accept and we pay £80.
What’s the chances of them accepting and then getting the remortgage?
It would free us up by £400/500 a month which will be amazing.